Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 4.8, Problem 26P
Summary Introduction
Interpretation: optimal quantities to be purchased for the three vegetables: tomatoes, zucchini, and lettuce.
Concept introduction: The optimal order quantity is also known as the economic order quantity, which is the most effective amount of a product to purchase at a given time.
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The Pedal Pusher Bicycle Shop operates 7 days per week, closing only on Christmas Day. The shop pays $300 for a particular bicycle purchased from the manufacturer. The annual holding cost per bicycle is estimated to be 25% of the dollar value of inventory. The shop sells an average of 25 bikes per week. Frequently, the dealer does not have a bike in stock when a customer purchases it, and the bike is back-ordered. The dealer estimates his shortage cost per unit backordered, on an annual basis, to be $250 due to lost future sales (and profits). The ordering cost for each order is $100. Determine the optimal order quantity and shortage level and the total minimum cost.
Lindsay​ Electronics, a small manufacturer of electronic research​ equipment, has approximately 6,900 items in its inventory and has hired Joan​ Blasco-Paul to manage its inventory. Joan has determined that 12​% of the items in inventory are A​ items, 34​% are B​ items, and 54​% are C items. She would like to set up a system in which all A items are counted monthly​ (every 22 working​ days), all B items are counted quarterly​ (every 62 working​ days), and all C items are counted semiannually​ (every 123 working​ days). How many items need to be counted each​ day?
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The total number of items that need to be counted each day is _ items? ​(round response to the nearest whole​ number).
Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 6,600 items in
its inventory and has hired Joan Blasco-Paul to manage its inventory. Joan has determined that 8% of the
items in inventory are A items, 36% are B items, and 56% are C items. She would like to set up a system in
which all A items are counted monthly (every 19 working days), all B items are counted quarterly (every 61
working days), and all C items are counted semiannually (every 121 working days). How many items need to
be counted each day?
The total number of items that need to be counted each day is items (round your response to the nearest
whole number).
Chapter 4 Solutions
Production and Operations Analysis, Seventh Edition
Ch. 4.4 - Prob. 1PCh. 4.4 - Prob. 2PCh. 4.4 - Prob. 3PCh. 4.4 - Prob. 4PCh. 4.4 - Prob. 5PCh. 4.4 - Prob. 6PCh. 4.4 - Prob. 7PCh. 4.4 - Prob. 8PCh. 4.4 - Prob. 9PCh. 4.5 - Prob. 10P
Ch. 4.5 - Prob. 11PCh. 4.5 - Prob. 12PCh. 4.5 - Prob. 13PCh. 4.5 - Prob. 14PCh. 4.5 - Prob. 15PCh. 4.5 - Prob. 16PCh. 4.6 - Prob. 17PCh. 4.6 - Prob. 18PCh. 4.6 - Prob. 19PCh. 4.6 - Prob. 20PCh. 4.7 - Prob. 21PCh. 4.7 - Prob. 22PCh. 4.7 - Prob. 23PCh. 4.7 - Prob. 24PCh. 4.7 - Prob. 25PCh. 4.8 - Prob. 26PCh. 4.8 - Prob. 27PCh. 4.8 - Prob. 28PCh. 4.9 - Prob. 29PCh. 4.9 - Prob. 30PCh. 4 - Prob. 31APCh. 4 - Prob. 32APCh. 4 - Prob. 33APCh. 4 - Prob. 34APCh. 4 - Prob. 35APCh. 4 - Prob. 36APCh. 4 - Prob. 37APCh. 4 - Prob. 38APCh. 4 - Prob. 39APCh. 4 - Prob. 40APCh. 4 - Prob. 41APCh. 4 - Prob. 42APCh. 4 - Prob. 43APCh. 4 - Prob. 44APCh. 4 - Prob. 45AP
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